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UK defeated as EU agrees to cap bankers’ bonuses

Posted by seumasach on February 28, 2013

UK has been battling to stop the Basel III accord on capital requirements, fearing the impact on the City of London as the EU’s leading financial capital.

City of London interests- that’s what our anti-European stance is really about

Independent

28th February, 2013

European Union chiefs have agreed a package of financial laws that includes capping bankers’ bonuses at a maximum of one year’s basic salary.

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